SoFi Technologies, Inc. - Common Stock (SOFI)

The company and its shareholders sold 32 million shares at $27 per share. The IPO price was slightly higher than the earlier marketed range of $24 to $26 per share.

A bullish growth outlook and a key technical breakout pattern are potentially fueling SoFi's surge Wednesday. With high short interest, the stock is now trading above $15.

An ascending triangle pattern has formed on the chart of SoFi Technologies (SOFI). This is a bullish pattern.

SoFi shares surged following a bullish presentation outlining the company's strong growth outlook. Ambitious revenue targets and strong growth in loans and deposits are fueling the gains.

Bank of America Securities analyst Mihir Bhatia reiterated the Underperform rating on SoFi Technologies on Friday.

SoFi details strong growth, targeting over $3 billion 2025 revenue, at the William Blair Growth Stock conference.

A TikTok user recently went viral with a post detailing his unconventional strategy: staying in school indefinitely to keep student loans in deferment and avoid repayment.

One of these fintech names has a far more promising future than the other, which hitched its proverbial wagon to the wrong star.